The debt ratio indicates the percentage of total assets financed by creditors.
What is the Debt Ratio?
Debt ratio is a financial ratio that compares a company's total liabilities to its total assets. The debt ratio determines the percentage of a company's assets that are financed by creditors.
In other words, the debt ratio is the company's debt-to-assets ratio. In terms of financing, it is critical to assess the debt-to-asset ratio since it demonstrates how much debt is being used to finance the company's assets.
Hence, it is vital to maintain the debt ratio to keep the firm's financial health in check. Therefore, the correct answer is option D, "total assets financed by creditors."
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the uniform commercial code provides that the warranty of merchantability and warranty of fitness are .
The Uniform Commercial Code (UCC) provides that the warranty of merchantability and warranty of fitness are implied in contracts for the sale of goods.
The warranty of merchantability is a guarantee that the goods are fit for their ordinary purpose and are of a quality that is typical for goods of that type. The warranty of fitness for a particular purpose is a guarantee that the goods are fit for a specific purpose that the buyer has in mind and that the seller knows about.
What is the Uniform Commercial Code?The Uniform Commercial Code (UCC) is a standardized set of laws and regulations for transacting business. The UCC code was established in 1953 because it was becoming increasingly difficult for companies to transact business across state lines given the various state laws.
The UCC consists of nine separate articles, each of which covers separate aspects of banking and loans. The UCC is designed to make commercial transactions more efficient and to provide a uniform set of rules for businesses to follow.
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puchalla corporation sells a product for $280 per unit. the product's current sales are 13,900 units and its break-even sales are 10,425 units. the margin of safety as a percentage of sales is closest to:
To solve this, we first need to calculate the margin of safety. To do this, we subtract the break-even sales from the current sales:
Margin of Safety = Current Sales - Break-Even Sales
Margin of Safety = 13,900 - 10,425
Margin of Safety = 3,475
Now we divide the margin of safety by the current sales to get the percentage of sales:
Margin of Safety % = Margin of Safety / Current Sales
Margin of Safety % = 3,475 / 13,900
Margin of Safety % = 25%
Therefore, the margin of safety as a percentage of sales is 25%.
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an increase in the expected price of corn would likely do the following to the current supply and demand for corn: group of answer choices increase both the demand and the supply. decrease both the demand and the supply. increase the demand, but decrease the supply. increase the supply, but decrease the demand.
The existing demand and supply for maize would most certainly change as a result of an increase inside the anticipated price of corn, increasing both the supply and demand.
What of the above would boost the corn supply?Wheat & corn are goods that can be substituted in supply. Hence, as the price of wheat falls, wheat growers will switch from producing wheat to producing corn, increasing the supply of corn. Due to rising exports and robust domestic demand for both ethanol and animal feed, corn prices have risen, encouraging farmers to expand corn acreage. Many times, farmers have boosted the amount of maize grown by removing acres from less lucrative crops.
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growth is expected to be constant after 2023, and the weighted average cost of capital is 12%. what is the horizon (continuing) value at 2024 if growth from 2023 remains constant? do not round intermediate calculations. enter your answer in millions. for example, an answer of $1 million should be entered as 1, not 1,000,000. round your answer to the nearest whole number.
The horizon (continuing) value at 2024 can be calculated using the Weighted Average Cost of Capital (WACC) formula. WACC = (E/V x Re) + ((D/V x Rd) x (1-T))
Where:
E = Market value of equity
V = Market value of equity + market value of debt
Re = Cost of equity
D = Market value of debt
Rd = Cost of debt
T = Tax rate
Therefore, the horizon (continuing) value at 2024 = (E/V x Re) + ((D/V x Rd) x (1-T))
Plugging in the given values, the horizon (continuing) value at 2024 = (E/V x 0.12) + ((D/V x 0.12) x (1-0.00))
Therefore, the horizon (continuing) value at 2024 = (E/V x 0.12)
Round the answer to the nearest whole number: the horizon (continuing) value at 2024 = (E/V x 0.12) = $1 million.
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employees in a cheesecake store serve customers in the following three steps: receive the order and pick up the cakes (1 minute) pack the cakes (40 seconds) receive the payment (2 minutes) each step is completed by one employee. on average, a customer arrives at the store every 3 minutes. what is the average labor utilization?
To determine the average labor utilization of employees in a cheesecake store, we can use the following formula:
Average labor utilization = (Total work time ÷ Total time) × 100%
Where Total work time = time taken to complete all three steps (1 minute + 40 seconds + 2 minutes) = 3 minutes and 40 seconds
Total time = time taken for one customer to complete all three steps plus the time taken for the next customer to arrive = 3 minutes + 40 seconds + 3 minutes = 6 minutes and 40 seconds
Average labor utilization = (Total work time ÷ Total time) × 100%
= (3 minutes 40 seconds ÷ 6 minutes 40 seconds) × 100%
= 0.55 × 100%≈ 55%
Therefore, the average labor utilization is approximately 55%.
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sharon is a manager at softest tissue corporation. she is faced with an interesting problem. one of her employees has been cheating the company out of expense money. sharon must decide whether or not to fire this employee. in this role, sharon is acting as a(n):
As a manager at Softest Tissue Corporation, has been faced with an interesting problem where one of her employees has been cheating the company out of expense money.
Sharon must decide whether or not to fire this employee. In this role, Sharon is acting as a decision-maker. A decision-maker is a person who has the responsibility of making decisions that impact the company's future. They need to consider various options and take the appropriate action that will benefit the company in the long run. A decision-maker must be analytical and able to weigh all the pros and cons before making a decision.
Sharon is acting as a decision-maker since she has to decide whether or not to fire an employee who has been cheating the company out of expense money. She will have to consider several factors, such as the employee's value to the company, the severity of the misconduct, and the company's policies on such issues, before making the final decision. The decision Sharon makes will impact the company's future, and therefore, she must be careful to make the right decision. She should act based on facts and ensure that the decision is not influenced by personal bias or emotion. A good decision-maker should also be able to communicate their decision effectively to all parties involved.
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a large car manufacturer has cut all but two of the employees in its marketing department to save money and return to profitability. what is the likely long-term outcome of this move? a. loss of human capital and lower performance b. loss of human capital and higher risk c. higher performance and higher risk d. lower performance and higher risk
This action will probably have the following long-term effects: d. poorer performance and higher risk. The automaker is expected to experience a lot of difficulties as a result of eliminating all but two personnel from its marketing division, which might hurt its performance and raise its risk.
Cutting the majority of the marketing department staff is likely to have detrimental long-term effects. A workforce decrease might result in a loss of human capital, which would lower performance and increase risk for the organisation. A smaller marketing team could find it difficult to properly market and sell the business's products, which would eventually lead to fewer sales and revenue. Also, the company's capacity to gather market intelligence, examine trends, and create efficient marketing plans may be restricted by the small number of personnel in the marketing division, which could result in missed opportunities and a less competitive position in the market. Ultimately, cost-cutting efforts could have a negative impact on a company's long-term profitability even though they may increase short-term profitability.
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assume that lucas's marginal tax rate is 12 percent and his tax rate on dividends is 6 percent. if a dividend-paying stock (with no growth potential) pays an 9.6 percent dividend yield, what interest rate would a municipal bond have to offer for lucas to be indifferent between the two investments from a cash-flow perspective?
Municipal bond have to offer 9.3 percent interest rate to lucas in order to be indifferent between the two investments from a cash-flow perspective.
Assuming Lucas's marginal tax rate is 12% and his tax rate on dividends is 6%, and a dividend-paying stock (with no growth potential) pays a 9.6% dividend yield, Lucas's cash flow is negative for each investment. He gets more money in the bank from the municipal bond than he gets from the dividend-paying stock.
Lucas will have to pay taxes on this income of 0.12. 0.96 - 0.12 = 0.84 is the net income from the dividend-paying stock. The dividend yield of 9.6% is used to calculate the dividends that Lucas received. Thus, if the dividend yield is 0.096 and the share price is $100, the dividend is $9.6.
The amount of cash that Lucas will receive from the municipal bond is computed by multiplying the bond's interest rate by its face value. If the face value of the bond is $100 and the interest rate is i, the cash inflow from the bond is 0.06 (1-i). To make Lucas indifferent between the two investments, the cash inflows must be equal.
If he's indifferent to both investments, then he won't care which one he chooses. 0.84 = 0.06 (1-i). Dividing both sides of the equation by 0.06, 14 = 1-i. Solving for i, i = 0.93, or 9.3 percent. Therefore, if the municipal bond has a 9.3 percent interest rate, Lucas will be indifferent to both investments from a cash-flow standpoint.
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if treasury bills are currently paying 6.55 percent and the inflation rate is 1.2 percent, what is the approximate and the exact real rate of interest?
The approximate real rate of interest would be 5.35 percent
The approximate real rate of interest is calculated by subtracting the inflation rate from the nominal interest rate. Therefore, the approximate real rate of interest would be 5.35 percent (6.55% - 1.2%).
The exact real rate of interest, however, takes into account the effect of compounding. This can be calculated using the formula:
(1 + nominal rate) / (1 + inflation rate) - 1
Plugging in the numbers, we get:
(1 + 0.0655) / (1 + 0.012) - 1 = 0.0498 or 4.98%
Therefore, the exact real rate of interest is 4.98%, which is slightly lower than the approximate rate of 5.35%. This difference arises because the approximate calculation ignores the effect of compounding.
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methods used to conduct international business duve, inc., desires to penetrate a foreign market either by creating a licensing agreement with a foreign firm or by acquiring a foreign firm. explain the differences in potential risk and return between a licensing agreement with a foreign firm and the acquisition of a foreign firm.
The differences in potential risk and return between a licensing agreement with a foreign firm and the acquisition of a foreign firm depend on the specific terms of the agreement.
With a licensing agreement, Duve Inc. could pay the foreign firm a fee or royalty to use their intellectual property or product. This type of arrangement may be lower risk, as the company is not required to invest as much in the foreign market.
However, the return may be limited as the company may not have full control of the product or intellectual property. On the other hand, with the acquisition of a foreign firm, the company would have full control of the product or intellectual property and may receive more benefits in terms of the return. However, this type of arrangement is typically more risky, as the company would need to invest more in the foreign market and is required to operate the acquired firm.
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which of the following are changes in accounting estimates? (select all that apply.) multiple select question. changing inventory methods. changing the useful life of an asset. changing the bad debt estimate. changing the estimate for future warranty expenses.
The following are changes in accounting estimates:
Changing inventory methodsChanging the useful life of an assetChanging the bad debt estimateChanging the estimate for future warranty expensesto know about inventory methods:
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the following information was taken from the production budget of piwte corporation for next quarter: january february march units to be produced 128,000 140,000 152,000 desired ending inventory of finished goods 30,000 36,000 38,000 how many units is the company expecting to sell in the month of february? multiple choice 132,000 138,000 135,000 134,000
The business anticipates selling 166,000 units in February. This response is not supported by any of the multiple-choice answers.
Which budget accounts for the quantity of units anticipated to be produced to satisfy planned sales and inventory needs?The management creates the production budget after estimating how many products will be produced. It is created using the projected sales and the planned amount of finished inventory.
Units to be sold = Units produced + Beginning inventory of finished goods - Ending inventory of finished goods
Beginning inventory of finished goods for February = Units to be produced in January - Desired ending inventory of finished goods for January
= 128,000 - 30,000
= 98,000
Using the same approach, we can calculate the beginning inventory of finished goods for March:
Beginning inventory of finished goods for March = Units to be produced in February - Desired ending inventory of finished goods for February
= 140,000 - 36,000
= 104,000
Now, we can calculate the units to be sold in February using the formula above:
Units to be sold in February = Units produced in February + Beginning inventory of finished goods for February - Ending inventory of finished goods for February
= 140,000 + 98,000 - 36,000
= 202,000 - 36,000
= 166,000
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after test driving a few vehicles, visiting websites, and reading expert reviews, carlos has narrowed his choice to three options: ford f-150, chevrolet silverado, and gmc sierra 1500. carlos believes these three vehicles are fairly comparable on his primary criteria of performance, off-road capabilities, fuel efficiency, and towing capacity. what stage in the consumer decision-making process is carlos in?
Carlos is in the evaluation of alternatives stage in the consumer decision-making process. At this stage, he has already recognized a problem or need (in this case, the need for a new vehicle), and has conducted information search to identify potential solutions.
Now, Carlos is comparing and evaluating the different options based on his criteria of performance, off-road capabilities, fuel efficiency, and towing capacity.
During this stage, Carlos may also be considering other factors such as price, brand reputation, and availability of financing options. He may be gathering information from various sources such as friends, family, and online reviews to help him make a decision. Ultimately, Carlos will choose the vehicle that best meets his needs and preferences based on the evaluation of alternatives stage.
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the preliminary title report will not advise the real estate licensees and parties to the transaction that:
According to the given question, the preliminary title report will not advise the real estate licensees and parties to the transaction that they have a claim on the title.
What is a preliminary title report?A preliminary title report is a report that is issued to a buyer, a lender, or an escrow officer. It is delivered early in the escrow process and includes the property owner's name, legal definition of the property, and other key details.
A preliminary title report is prepared by the title company and provides information on what has been recorded against a property, such as liens or easements, and will include other information as well.
The following details are included in a preliminary title report:
Legal description of the property.
Name of the property owner.
Listing of any encumbrances or liens on the property.
The purchase amount of the property.
The title insurance policy is contingent upon the closing of the transaction. So it is significant that the preliminary report is reviewed to resolve any disputes and eliminate the possibility of litigation.
Additionally, once the title report is prepared, the escrow holder and/or buyer may decide to purchase a title insurance policy on the property. This policy is designed to insure the title holder in the event that an issue arises with the property's title in the future.
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employees whose self-concepts are defined mostly by social identities are more likely than employees with stronger personal identities to
Workers who have self-concepts that are primarily based on social identities are more likely to follow team standards than employees who have stronger personal identities.
What are the values of the team?Team norms are expectations and guidelines that members of the team have for one another. These cover the team's core principles, how members interact with one another, and their activities collectively. We might argue that team norms "bind" your team together and establish the culture of the workplace.
What does an agile team norm look like?Pay attention to what others have to say. Instead than assuming the worst, try to comprehend one another's viewpoints. Strive to find solutions without assigning blame. Respond to critical emails by sending an acknowledgement.
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sam is interested in studying economic growth in her country. if sam's country's present gdp is $75,025 and grows 1% every year, what is the future gdp of sam's country 3 years from now? round your answer to the nearest whole number.
The future GDP of Sam's country 3 years from now is $78,273
To calculate the future GDP of Sam's country, we will use the formula for compound interest: Future GDP = Present GDP * (1 + Growth Rate)^Number of Years
1. Convert the growth rate percentage to a decimal by dividing by 100: 1% = 0.01
2. Add 1 to the growth rate: 1 + 0.01 = 1.01
3. Raise the result to the power of the number of years (3): 1.01^3 ≈ 1.030301
4. Multiply the present GDP ($75,025) by the result from step 3: $75,025 * 1.030301 ≈ $77,272.68
5. Round the result to the nearest whole number: $77,273.
So, the future GDP of Sam's country 3 years from now will be approximately $77,273.
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you currently hold 2,700 shares of common stock in hatchright, who was just acquired for $350,000,000. there are a total of 3,000,000 shares outstanding (inclusive of common stock, options and preferred shares) when the transaction closes. three years ago, hatchright raised $50,000,000 at a $135,000,000 pre-money valuation. the money came with a 1x liquidation preference with participation rights. how much money (pre-tax) will you receive from this transaction? and how much money would you receive (pre-tax) had there been no participation rights?
You will receive a total of $2,520,000 pre-tax from this transaction. This is calculated by multiplying 2,700 shares by the $350 million purchase price and dividing by 3 million total shares outstanding.
Had there been no participation rights, you would receive a total of $1,800,000 pre-tax. This is calculated by multiplying 2,700 shares by the $135 million pre-money valuation and dividing by 3 million total shares outstanding.
This difference in proceeds is due to the 1x liquidation preference with participation rights, which gives the investor the right to receive 1x their original investment before the remaining proceeds are split among all the other shareholders.
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question 1 organizing available information and revealing gaps and opportunities are part of what process?
Organizing available information and revealing gaps and opportunities are part of the process of strategic planning.
Strategic planning refers to the process of developing a strategy or a plan for achieving specific goals and objectives for an organization or business. It involves gathering and analyzing information about the organization's internal and external environment, identifying strengths and weaknesses, and developing strategies to achieve the organization's objectives.
Strategic planning involves several steps, including identifying the organization's vision and mission, assessing the organization's strengths and weaknesses, analyzing the external environment, identifying opportunities and threats, developing strategies to address challenges and opportunities, and implementing and evaluating the plan.
Organizing available information and revealing gaps and opportunities are important steps in the strategic planning process. By gathering and organizing information about the organization's internal and external environment, leaders can gain a better understanding of the organization's current position and identify potential areas for improvement.
This information can help leaders make informed decisions about how to allocate resources and prioritize initiatives, which can lead to improved performance and results. In addition to identifying areas for improvement, the process of organizing available information and revealing gaps and opportunities can also help leaders identify new opportunities for growth and development.
By analyzing the external environment and staying current with trends and emerging technologies, leaders can identify new markets, products, or services that the organization can offer to meet the needs of customers and stakeholders. Finally, the process of organizing available information and revealing gaps and opportunities can help leaders develop a clear and actionable plan for achieving the organization's goals and objectives.
By developing strategies that address challenges and leverage opportunities, leaders can create a roadmap for success that guides the organization towards achieving its vision and mission.
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You are a management consultant and must analyze Shippity and ShipING Inc. which are two competing firms in the same industry. Your team has provided you with the following information • Shippitys tangible assets are valued at $15 billion and its intangible assets are valued at $35 billion • ShipiNG Inc.'s tangible assets are valued at $5 billion and its intangible assets are valued at $45 billion What can you conclude from this information? It is likely that Shiping inc. is better enabled than Shippity to gain and sustain a competitive advantage judging from the assets listed. ShipING.Inc has probably been in the industry a much shorter time than Shippity. There is no resource heterogeneity between the two fiems. ShipING.Inc and Shippity, as they operate in the same industry ShipNG Inc. will be less competitive than Shippity because of its smaller investment in tangible assets
ShipING Inc.'s higher value of intangible assets suggests a potential competitive advantage, but lack of information on resource heterogeneity and duration in the industry. However, ShipING's lower tangible asset value may hinder competitiveness against Shippity.
Shippity has $15 billion worth of tangible assets and $35 billion worth of intangible assets, while ShipING has $5 billion worth of tangible assets and $45 billion worth of intangible assets. ShipING invests more in intangible assets, suggesting a focus on innovation, research and development, and marketing. In contrast, Shippity invests more in tangible assets, indicating a focus on production and expansion. Therefore, the values of tangible and intangible assets of both firms suggest different strategies to grow and succeed in the industry. Overall, this information can provide insight into the unique approaches and strengths of each company in the competitive landscape.
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a homeowner's insurance policy typically provides coverage for additional living expenses so you can stay somewhere else if a fire damages your home. group startstrue or falsetrue, unselectedfalse, unselected
The statement "a homeowner's insurance policy typically provides coverage for additional living expenses so you can stay somewhere else if a fire damages your home." is true as statement describes correct information about insurance.
This is to ensure that you and your family can remain safe and have access to basic necessities such as food, water, and shelter.
The insurance policy pays for all the reasonable additional expenses for up to a certain limit. These include rent, food, clothing, and other basic needs.
In addition, if the policyholder is unable to stay at the temporary location due to restrictions, the policy will cover the cost of moving back to their original home.
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What is the theory of income distribution in economics?
The theory of income distribution in economics pertains to the method by which a nation's total income is shared between different individuals and groups of people.
Income distribution is defined as the percentage of total income that goes to each economic group or person in the economy. It is a measure of how well the total income is divided among various households in a society.The distribution of income refers to the way in which the wealth and resources of a country are allocated among different people. The concept of distribution of income is an essential element of the study of economics. It is vital to ensure that there is a fair and equitable distribution of income in a society.
The theory of income distribution has been developed in economics to explain the factors that influence the distribution of income. The theory explains how a nation's income is shared between the owners of labor and capital. The main factors that influence income distribution are the supply and demand of labor, productivity, the skill level of the workforce, and government policies. Income distribution has an important impact on the economy's growth and development. When income is distributed unequally, it can lead to social unrest and conflict.
In contrast, when income is distributed fairly and equitably, it can promote economic growth and development. As a result, governments need to take active steps to promote an equitable distribution of income in society.
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which subsystem, within the cost management system, is the one in which costs are assigned to individual products and services?
The subsystem within the cost management system that is responsible for assigning costs to individual products and services is known as the product costing subsystem.
This subsystem is essential for businesses that want to determine the true cost of producing their products or delivering their services. By allocating costs to specific products or services, companies can calculate their profitability and identify areas where they can reduce costs or increase revenue.
The product costing subsystem typically involves gathering data on direct and indirect costs, including materials, labor, overhead, and other expenses associated with production or service delivery.
This information is then used to calculate the total cost of each product or service, allowing businesses to determine the appropriate pricing strategy and make informed decisions about which products or services to continue offering.
In summary, the product costing subsystem is a crucial component of the cost management system that helps businesses allocate costs to individual products and services, calculate profitability, and make informed decisions about pricing and product/service offerings.
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price takers are firms that take or accept the price and have no ability to influence that price is called
Companies who accept the current market pricing for their goods or services are known as price takers because they are powerless to change it. That's right: You can't have it both ways.
If you want to have it both ways, you have to have both of these things. They operate in markets with perfect competition, where numerous small businesses provide the same goods or services and no one company has the capacity to set prices. Price takers must concentrate on reducing their expenses if they want to stay profitable and competitive. Companies are unable to increase prices without losing customers to rival companies who charge less for comparable goods and services. Price takers must optimise their operations and efficiencies to stay cost-effective while retaining the quality of their goods or services in order to thrive in a competitive market.
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What is the meaning of the term "price takers" in economics and how are these firms characterized?
which of the following forces shape an organization's culture? group of answer choices industry demands founder values leadership behaviors all of the choices life cycle
All of the choices shape an organization's culture. An organization's culture can be defined as the norms, values, and beliefs that govern how people act and interact within the organization. The correct answer is option d.
Industry demands: Industries demand specific behavior from their organizations. Industries often require an organization to adopt specific behaviors, values, and norms that fit with the industry's culture.
Founder values: The values, beliefs, and personalities of an organization's founders play an essential role in shaping the culture of the organization
Leadership behaviors: The behaviors of the organization's leaders play a significant role in shaping the culture of the organization.
Life cycle: The organizational life cycle also plays an important role in shaping the culture of an organization. As an organization grows, its culture changes to reflect the new environment in which it operates.
The elements of culture can be influenced by several factors including industry demands, founder values, leadership behaviors, life cycle, and more. Therefore, all the choices shape an organization's culture. Thus, correct answer is option d.
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Complete question
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which of the following forces shape an organization's culture? group of answer choices
a. industry demands
b. founder values
c. leadership behaviours
d. life cycle
e. all of the choices
peavey enterprises purchased a depreciable asset for $25,000 on april 1, year 1. the asset will be depreciated using the straight-line method over its four-year useful life. assuming the asset's salvage value is $2,600, what will be the amount of accumulated depreciation on this asset on december 31, year 3? multiple choice $5,600 $4,667 $15,400 $18,667 $22,400
The amount of accumulated depreciation on this asset on December 31, year 3 will be $18,667.
Peavey Enterprises purchased a depreciable asset for $25,000 on April 1, Year 1. The asset will be depreciated using the straight-line method over its four-year useful life. Assuming the asset's salvage value is $2,600, the accumulated depreciation on this asset on December 31, Year 3 will be $18,667.
The depreciable base of the asset is $25,000 - $2,600 = $22,400
Depreciation per year = Depreciable Base / Useful life = $22,400 / 4 = $5,600
Accumulated Depreciation = Depreciation per year * Number of years accumulated = $5,600 * 3 = $16,800
So, the amount of accumulated depreciation on this asset on December 31, Year 3 will be $18,667, which is closest to option D.
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in performing an audit of processes to determine they are well-designed, what must the audit evaluate? process capability in meeting performance targets employee compliance with procedures targets defined in the process design excess resources not required in the process
The audit must assess a number of criteria while examining procedures to see if they are well-designed. Employee adherence to policies: Effective and efficient use of resources, Compatibility with corporate objectives and plans.
An audit of processes entails a methodical and objective assessment of an organization's procedures to ascertain whether they are well-designed and efficiently run. The audit's goals are to identify areas for improvement and to give confidence that the processes are accomplishing their intended goals and objectives. Aspects including process effectiveness, efficiency, control, and compliance may be evaluated by the audit. It could entail going over paperwork, speaking with staff, watching processes in operation, and doing data analysis. Internal or external auditors may conduct the audit, which may be mandated by compliance or regulatory requirements or requested by management to boost productivity and lower risk.
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tariff barriers raise the costs of exporting products to a country (or of exporting partly finished products between countries). what is a likely consequence of these barriers?
A likely consequence of tariff barriers is that they will reduce the volume and value of trade between countries, and create inefficiencies and losses in the economy.
Tariff barriers make imported goods or services more expensive for domestic consumers, and exported goods or services less profitable for foreign consumers. This reduces the quantity demanded and supplied of the traded goods or services, and creates a price wedge between the domestic and world markets. This also benefits the domestic producers of the same or similar goods or services, who can charge higher prices and increase their market share.
However, tariff barriers also create a deadweight loss, which is a loss of economic surplus that is not transferred to anyone. Tariff barriers also distort the allocation of resources and create incentives for rent-seeking and corruption. Moreover, tariff barriers can affect the pattern and direction of trade between countries, and provoke retaliation from the affected trading partners.
This can reduce the gains from trade and specialization, and harm the economic and political relations between countries.
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What are the dimensions of a Thomasville Tisdale sectional?
Thomasville Tisdale sectional is a modular and high-quality sectional sofa that features plush cushions, top-grain leather, solid wood frames, and various color and style options.
Thomasville Tisdale sectional is a type of modular furniture designed by Thomasville Furniture Industries. It is a sectional sofa that can be arranged in different configurations to fit various spaces and requirements. The Tisdale sectional is made from high-quality materials such as top-grain leather and solid wood frames, ensuring durability and comfort.
It is known for its plush cushions and stylish designs available in different colors and styles, making it a popular choice for both contemporary and traditional homes. Overall, the Thomasville Tisdale sectional is an excellent investment for those seeking quality and flexibility in their home furniture.
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In a traditional absorption costing system all ______ costs are assigned to products.
In a traditional absorption costing system all manufacturing costs are assigned to products.
Absorption costing is a method of calculating the total cost of a product. All costs, whether fixed or variable, are taken into account in the calculation of the total cost of a product, making it a more accurate way of determining the price of a product.
It takes into account all fixed and variable costs, making it more accurate. Costs can be accurately calculated per product. Absorption costing can assist in pricing decisions as it takes into account all costs. All costs can be traced back to the final product.
Absorption costing can be time-consuming to calculate, particularly for businesses with many products. Legal and administrative costs may be high when using absorption costing. Accounting periods can be distorted by absorption costing. In a traditional absorption costing system, all manufacturing costs are assigned to products. These costs can include direct materials, direct labor, and both variable and fixed overhead costs.
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ellicott city manufacturers, inc. reported net sales of $870,000, and a gross profit margin of 44% in 2020. what is the firm's cost of goods sold? (round to the nearest dollar).
The cost of goods sold for Ellicott City Manufacturers, Inc. in 2020 is $487,200. The answer is $487200.
Ellicott City Manufacturers, Inc. reported net sales of $870,000, and a gross profit margin of 44% in 2020. What is the firm's cost of goods sold? (Round to the nearest dollar). The cost of goods sold for Ellicott City Manufacturers, Inc. in 2020 can be calculated by using the following formula:
Cost of Goods Sold = Net Sales - Gross Profit
To get the cost of goods sold, we need to find the gross profit first. Gross profit is the revenue left after the cost of goods sold is subtracted from net sales.
Gross Profit = Net Sales x Gross Profit Margin/100= $870,000 x 44/100= $382,800
Now, we can calculate the cost of goods sold by subtracting the gross profit from net sales.
Cost of Goods Sold = Net Sales - Gross Profit= $870,000 - $382,800= $487,200
Therefore, the cost of goods sold for Ellicott City Manufacturers, Inc. in 2020 is $487,200. The answer is 487200.
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